CDU, the manufacturer of leading occasionwear brands Frank Usher, Coterie, Michel Ambers and Dusk, has hit the buffers citing poor trading conditions over the last two years.
It is unclear how wholesale orders will be affected but administrators MCR said that CDU would continue to trade as normal while the restructuring business worked to secure a going concern sale.
CDU, which was until February known as Slimma, operates from both London and Staffordshire where it has a factory in Leek, and employs 44 people all of whom are so far unaffected.
In February Slimma sold its eponymous mainstream womenswear brand and lingerie brand Splendour to N Brown subsidiary JD Williams for £800,000. The AIM-listed business subsequently changed its name to CDU. It warned at the time that it might not be able to honour banking covenants.
John Whitfield and Philip Duffy, joint adminstrators at MCR, are looking to sell the supply chain, the existing order book, all of the registered brands, the designs for autumn 11, the Leek factory, two showrooms in London’s Mayfair and Mill Hill and a warehouse in Stoke-on-Trent.
A spokesman for MCR told Drapers: “It is very much business as usual at the moment, and it is hoped that a sale will be secured very quickly. However, I am unable to comment on what will happen to individual orders that have already been placed.”